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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 20, 2019

Tuesday, August 20, 2019 | 08:49am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.25 percent as published by the Federal Reserve on August 19, 2019.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 9, 2019

Tuesday, July 09, 2019 | 08:24am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on July 8, 2019.

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